SunSirs: The Salicylic Acid Market Remained Stable This Week (May 31-June 4)

Price trend

According to the price monitoring of SunSirs, on June 4, the average price of salicylic acid (industrial-grade) mainstream manufacturers was 14,666.67 RMB/ton, which was the same as the price at the beginning of the week, up 1.15% from the previous month, and the price was the same as the same period last year. On June 3, the salicylic acid commodity index was 87.30, which was the same as previous day. It was 13.22% lower than the highest point in the cycle of 100.60 points (2011-09-19), and 22.22% higher than the lowest point of 71.43 points on March 29, 2016. . (Note: Period refers to 2011-09-01 to present)

Analysis review

The salicylic acid market remained stable this week, and corporate quotations maintained the previous period. There were no significant fluctuations in salicylic acid at all levels, and the market situation was relatively stable. As of June 4, the average price of salicylic acid (industrial-grade) mainstream manufacturers was 14,666.67 RMB/ton, industrial-grade companies mostly quoted in the range of 13,500-15,500 RMB/ton, and pharmaceutical-grade quotations were mostly in the range of 23,000-26,000 RMB/ton. The quotations of sublimation grades were mostly in the range of 17,100-20,000 RMB/ton, and the salicylic acid of various grades had not changed much.

In terms of raw materials, the domestic phenol market was narrowed down, and the atmosphere of on-site negotiations was weak. The overall offer was mainly based on stable advancement. Terminal buying was not high, mainly rigid demand, trading volume was mediocre. SunSirs expects that the domestic phenol market would advance steadily, and the market price would be negotiated at 9,300-9,400 RMB/ton.

Market outlook

The salicylic acid analyst of SunSirs believes that the salicylic acid market continued to be stable this week, and most companies stabilized their shipments, and the offer had not changed significantly. It is expected that the salicylic acid market will continue to advance steadily in the short term.

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